Hong Kong and China both opened lower but did a mid-day 180 as reports came in that visitors to China will have their fourteen-day quarantine reduced to seven days. The post-quarantine at-home …
FINANCE
The evolution of China’s financial system in a decade
BEIJING: Pushing for structural reforms and exerting efforts to further open up have allowed China’s financial system to evolve and mature over the past decade, offering solid support to the stability …
China will decide the outcome of Russia v. the West
In its attempt to swallow Ukraine whole, Russia has so far managed to bite off only the eastern Donbas region and a portion of its southern coast. The rest of the country remains independent, with…
China cuts COVID-19 quarantine time in half, Shanghai Disney to reopen
Yahoo Finance Live anchors discuss stock futures as China cuts the quarantine time for its COVID-19 policy in half. American City Business Journals …
Futures rise as easing China COVID curbs lift travel, leisure stocks
China ADRs also rose on Beijing easing its COVID curbs … Commodities Russia, rejecting default, tells investors to go to western financial agents, article with video June 27, 2022 Charged Siemens to …
China-linked financial frauds and money laundering in India
India has recently witnessed a wave of financial frauds through instant microloan lending applications and crypto-currency transactions. The use of proxies to dupe Indian nationals and money …
China’s economy recovering but foundation not solid, premier says
China’s economy has recovered to some extent … Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world’s media …
China’s yuan eases after PBOC chief vows to keep policy accommodative
China’s yuan eased against the dollar on Tuesday, after its central bank head said monetary policy would continue to be accommodative to support economic recovery. SHANGHAI, June 28 (Reuters) – …
FTSE 100 hits over two-week high as China eases COVID curbs
China slashed the quarantine time for inbound … The UK insurer index edged 1.9% higher after finance minister Rishi Sunak said on Monday the state wants to reform insurer solvency rules quickly.
UPDATE 1-Beijing, Shanghai both free of new local COVID cases for first time in months
China’s capital, Beijing, and the financial hub of Shanghai reported on Tuesday no new local COVID infections, the first time both cities were in the clear at the same time since late February, after …
China’s central bank vows to keep policy supportive to aid economic recovery
It also signals that stimulus will likely focus on boosting credit rather than lowering interest rates. Read more at straitstimes.com.
China Warns of ‘Moral Hazard’ Risks as Green Financing Booms
The People’s Bank of China said it will guard against “moral hazards” such as greenwashing and sustainable project fraud as it expands its use of green monetary policy to drive the nation’s energy …
China’s 5.5% GDP Obsession Has $8 Trillion Dark Side
Getting close to this year’s gross domestic product target might help Xi Jinping’s political goal in the short run. But it could exacerbate the country’s debt troubles in dangerous ways.
